Not that its impossible to get creative financing or that its bad to start investing I'm not saying that by any means at all the earlier the better but the safety blanket is small with no reserves for an expensive learning experience which in this industry is likely. 

I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).

It's great to hear about you starting your real estate journey.

If this was the private sector half of them would be fired.

I used money from my business savings earmarked for starting a group home for my mentally ill nephew, who has been struggling since his mother's passing.

Have you already started working with lenders to figure out which loan product might be best and what price point that might put you at based on that?

In addition to that, we like to check with the police, fire, insurance, sex offender status, and anything that might affect the operations of the park.

On June 28, a second notice to abate public nuisance and an order to show cause was issued, requiring the seller to appear before a hearing officer on July 16, 2024.On July 16, when no one showed up, another notice was issued for timely abatement of the nuisance, giving 30 days, until August 15, to repair the heat, fix the plumbing, obtain a fire rehab permit, and receive a final inspection.The property was listed for sale on June 10, 2024, nine days after the seller received the first notice.

WOW,thanks for the info about the 6 months eviction period allowed for a purchase of foreclosed property in the state of Michigan. i am just getting started and this is a real BOMBSHELL to hear.

Simply put, there are a lot more co-hosts/managers like myself and yourself who got started self-managing their own properties around covid and are now afraid or unwilling to buy new properties at current prices/rates, but want to use their knowledge/experience to keep increasing income in the space.